Alibaba

Chinese regulators could urge tech giants to share consumer credit

Chinese regulators could urge tech giants to share consumer credit data

China plans to get tech giants like Ant Group, Tencent and JD.com to share consumer credit data to prevent excessive borrowing and fraud, two knowledgeable people said at Beijing's recent tightening o...

Alibaba will shut down Xiami Music App on February 5th

Alibaba will shut down Xiami Music App on February 5th

Alibaba Group will close its music streaming platform Xiami Music next month. This is a step back from their ambitions to break into the Chinese entertainment industry."Due to operational adjustments...

Alibaba’s Ant Group has been hired by Chinese regulators to

Alibaba’s Ant Group has been hired by Chinese regulators to rectify its business

Chinese regulators have ordered Ant Group, the world's largest financial technology company, to rectify its business and comply with regulatory requirements while scrutinizing antimonopoly practices i...

Ant Group said it would consider Paytm stake sale amid

Ant Group said it would consider Paytm stake sale amid tensions with India

Chinese fintech giant Ant Group is considering selling its 30 percent stake in Indian digital payment processor Paytm amid tensions between its two Asian neighbors and an intensifying competitive land...

Saudi Arabia signs MoUs with IBM, Alibaba and Huawei through

Saudi Arabia signs MoUs with IBM, Alibaba and Huawei through AI

The Saudi agency for data and artificial intelligence signed Memorandums of Understanding in areas of artificial intelligence (AI) with IBM, Alibaba and Huawei at a summit in the kingdom on Thursday, ...